Case Study: SONIC Drive-In achieves audit-ready lease compliance with IBM TRIRIGA

Accelerating audit-readiness with global lease accounting standards

Sonic Drive-In, a major US quick-service restaurant chain, faced the challenge of complying with new FASB lease accounting standards for its portfolio of 1,500 leases. Their manual, spreadsheet-based process was time-consuming and prone to error, risking regulatory non-compliance and high costs. To address this, they turned to vendor IBM and its TRIRIGA solution.

By implementing IBM's TRIRIGA software with the help of partner eCIFM Solutions, Sonic Drive-In automated its lease management and accounting. The IBM solution provided a centralized system for the entire store lifecycle, replacing over 80 spreadsheets. This resulted in a 98% improvement in process efficiency, ensured accurate and audit-ready reporting for FASB compliance, and provided the insights needed to make more cost-effective leasing decisions.

Sonic Drive-In

Ronda Boles

Fixed Asset Manager